UK hopes for EU green light for derivatives after Brexit - BoE's Woods

LONDON (Reuters) - Britain is optimistic that it will get permission from the European Union for British clearing houses to continue processing trillions of pounds of derivatives for customers in the bloc, Bank of England Deputy Governor Sam Woods said. Britain left the EU last month and a "standstill" transition period is due to end on Dec. 31.The London Stock Exchange's LCH unit holds positions worth 57 trillion pounds ($74 trillion) on behalf of clients in the EU and needs permission to..